How Inflation Ruined the Roman Economy
In the third century, the Roman emperors reduced the gold and silver content of their coins, inadvertently starting a cycle of inflation and debasement.
The first 1,000 people to use this link will get a 1 month free trial of Skillshare: https://skl.sh/toldinstone01221
I’d like to thank Classical Numismatics for their contributions to this video. For much more on ancient Greek and Roman coins, check out their channel:
https://www.youtube.com/c/ClassicalNumismatics/videos
Please consider supporting toldinstone on Patreon:
https://www.patreon.com/toldinstone
If you liked this video, you might also enjoy my book “Naked Statues, Fat Gladiators, and War Elephants: Frequently Asked Questions about the Ancient Greeks and Romans.”
https://www.amazon.com/Naked-Statues-Fat-Gladiators-Elephants/dp/1633887022
If you're so inclined, you can follow me elsewhere on the web:
https://www.reddit.com/r/AskHistorians/wiki/profiles/toldinstone
https://www.instagram.com/toldinstone/
https://www.goodreads.com/author/show/20993845.Garrett_Ryan
Chapters:
0:00 Introduction
1:03 The revenues of the Roman emperors
1:32 The imperial budget
3:00 The currency and its stability
4:25 Skillshare
5:18 The Crisis and its consequences
7:04 Debasing the currency
10:35 Inflation in the second century
11:11 Hyperinflation in the third century
11:51 Ending the crisis
12:25 The reforms of Aurelian and Diocletian
13:15 Conclusion
Thanks for watching!
Видео How Inflation Ruined the Roman Economy канала toldinstone
The first 1,000 people to use this link will get a 1 month free trial of Skillshare: https://skl.sh/toldinstone01221
I’d like to thank Classical Numismatics for their contributions to this video. For much more on ancient Greek and Roman coins, check out their channel:
https://www.youtube.com/c/ClassicalNumismatics/videos
Please consider supporting toldinstone on Patreon:
https://www.patreon.com/toldinstone
If you liked this video, you might also enjoy my book “Naked Statues, Fat Gladiators, and War Elephants: Frequently Asked Questions about the Ancient Greeks and Romans.”
https://www.amazon.com/Naked-Statues-Fat-Gladiators-Elephants/dp/1633887022
If you're so inclined, you can follow me elsewhere on the web:
https://www.reddit.com/r/AskHistorians/wiki/profiles/toldinstone
https://www.instagram.com/toldinstone/
https://www.goodreads.com/author/show/20993845.Garrett_Ryan
Chapters:
0:00 Introduction
1:03 The revenues of the Roman emperors
1:32 The imperial budget
3:00 The currency and its stability
4:25 Skillshare
5:18 The Crisis and its consequences
7:04 Debasing the currency
10:35 Inflation in the second century
11:11 Hyperinflation in the third century
11:51 Ending the crisis
12:25 The reforms of Aurelian and Diocletian
13:15 Conclusion
Thanks for watching!
Видео How Inflation Ruined the Roman Economy канала toldinstone
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